Number of Executive Board members increases from five to six
Newly created Operational Board will have separate role and report to Executive Board
Price Bailey, the East Anglian and London based chartered accountants and business advisers, is increasing the size of its Executive Board and creating an Operational Board as part of its ongoing expansion. The Operational Board will focus on the day-to-day operations of the firm and report to the Executive Board, which will henceforward focus on strategy and governance.
The change in board structure is in response to Price Bailey’s continuing strong growth and its ongoing commitment to improve internal collaboration and the quality of services provided to clients. There is also the need to ensure that as the firm grows its increasing number of compliance and regulatory obligations are properly met.
The number of positions on the Executive Board is being increased from five to six. Gary Miller is stepping down from the Board, but will continue as a Partner at Price Bailey, whilst Howard Sears, Charlie Olley and Martin Clapson will continue in their roles of Practice Chairman, Finance Director and Managing Director respectively. The three vacant positions, which have been voted on by all partners, have been taken by Paul Cullen, who now begins his second term on the Board, Richard Vass and Nadia Khan.
Pictured above from left to right: Nadia Khan, Paul Cullen, Howard Sears, Martin Clapson, Richard Vass, Charlie Olley
The Operational Board, will be primarily comprised of partners that lead departments. Their role will be to implement the strategic decisions agreed by the board in conjunction with other departments, to foster greater internal collaboration, and report on day-to-day operational issues to the Executive Board.
Martin Clapson, Managing Director at Price Bailey, comments: “The new board structure marks a significant change for the firm, which is continuing to grow profitably and has just had another year of double-digit organic growth. This has brought about a need to change the leadership structure of the business to ensure that we continuously improve our client offering and fulfil our regulatory obligations.”
“The expanded Executive Board, together with the newly created Operational Board, will enable us to improve internal collaboration and cooperation between teams, so that our client offering is more cohesive and we continue to develop our services in line with their needs. The Operational Board will facilitate the roll-out of best practices, continuous improvement and service evolution and will free up the Executive Board to focus on strategy, governance and the long-term vision for the firm.”
He adds: “The new board structure brings greater diversity to the senior decision-making teams in the business by involving partners with different backgrounds, skills and service line expertise. This will ensure that the quality of our client offering continues to improve in parallel with the expansion of the business.”
About Price Bailey
Price Bailey is a top 30 accountancy practice specialising in providing accountancy, tax and business advice to enable the growth of regional, national and international businesses. In addition to traditional accounting services, the firm has a range of specialists in many areas which combine to provide a complete, integrated business offering. These include tax consultancy, corporate finance, strategic planning, insolvency & recovery and employment law.
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